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20110701
20110731
Search Results 0 to 5 of about 6 (some duplicates have been removed)
hopes for a big deal to reduce the deficit and raise the debt ceiling. he also said what is on everybody's mind. >> we are running out of time. >> reporter: on that, republicans and democrats agree. >> there is no more road left to kick the can down the road. if we don't act in a timely way, bond markets will pistol whip us into doing what needs to be done. >> white house defines "timely" as a week from now. so wide are the differences after five straight days of talks that mr. obama sent the two sides to neutral corners to look where they might find common ground. >> you need over the next 24 to 36 hours to give me some sense of what your plan is to get the debt ceiling raised. through whatever mechmisms they can think about. >> reporter: the presidentthed come up with a plan to cut the deficit to reassure the market. with the world's three main credit agencies reviewing american's rating the downgrade would mean higher mortgage interest rate and higher loan on auto loan and credit card. >> which would be a tax increase on everybody. >> reporter: mr. obama said he put cut in social secu
between himself and michele bachmann. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the straw poll bal
cuts. in a big deal, lawmakers may find them worthwhile. state republican leader mitch mcconnell says they all want a deal but they fear a big tax increase. >> bret: the director of the capital of economic advisors will join us in a moment. federal appeals court barred any enforcement on the ban on openly gay service members. the ninth circuit court of appeals in san francisco says the "don't ask, don't tell" policy must be lifted immediately. they repealed it in september but the pentagon is working on the transition. we learned today that the shooter in the fort hood massacre will face death penalty in his court-martial. army sigh control psychiatrist nidal hasan faces charges in the shooting spree at the texas army post. authorities are warning airlines that terrorists may try to con seem explosives within their bodies. we have more on the story we told you about tuesday, about a terror suspect being brought to the u.s. to face criminal charges. national correspondent catherine herridge has defails. >> reporter: this court in southern district of new york is where somali national t
downward by 44,000. a big disappointment for president obama and it came just two days after he a mitted doing a poor job of preparing the country for how long it's taking to climb out of the recession. in a rose garden appearance he hoped to have better news for, the president says it shows importance of the debt and deficit talks that they're focused on. >> as soon as the markets know that if debt limit ceiling will have been raised and that we have a serious plan to deal with our debt and deficit, the sooner that we give our businesses the certainty that they will need. >> reporter: republicans say the slow job growth shows why we can't raise taxes to lower the deficit. and they attack mr. obama economic policies more broadly. >> the president tells us he inherited a bad situation. i concede the point, but he has made it worse. >> reporter: democrats returned the criticism. >> it's day 185 of the republican majority in the congress and we still have not seen one jobs bill come to the floor. >> bret: each side seems either a different prescription for job growth or reason to block the
Search Results 0 to 5 of about 6 (some duplicates have been removed)